Ballers, preparing to open its flagship high-end sports concept at The Battery in Fishtown, has raised $20 million in Series A financing to support its development pipeline, writes Ryan Mulligan for the Philadelphia Business Journal.
The financing round was led by Sharp Alpha and RHC Group, both sports investment firms, along with new investors David Blitzer, co-owner of the Philadelphia 76ers, former Philadelphia Eagles safety and 2018 Super Bowl champion Malcolm Jenkins, as well as tennis star Sloane Stephens.
With the latest investment, Ballers’ total funding has increased to $30 million, the amount needed to support its development pipeline. New locations are planned for Boston and Miami following the debut of the Fishtown site.
Ballers is expecting to open its $10 million, 55,000-square-foot hospitality and sports venue in Philadelphia in July. The facility will feature four golf simulators, six pickleball courts, three padel courts, and two squash courts, along with a 95-foot by 45-foot turf field.
Mitch Prensky, the restaurateur behind the now-closed Supper, will be in charge of the bar, restaurant, and lounge spanning two floors.
Membership tiers will range from $99 to $499.
However, non-members will be able to book court time, host events, and use social spaces.
Read more about Ballers’ latest funding and expansion plans in the Philadelphia Business Journal.
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